To whom do I pay for furniture, fixtures, and equipment for a Bang Cookies satellite location?
Bang_Cookies Franchise · 2024 FDDAnswer from 2024 FDD Document
| Type of Expenditure | Amount | Method of Payment | When Due | |
|---|---|---|---|---|
| Initial Franchise Fee (Note 1) | $55,000 | Lump sum | When Franchise Agreement is signed | Us |
| Construction and Leasehold Improvements (Note 2) | $30,000 - $70,000 | As arranged | As incurred | Contractors, suppliers, and/or landlord |
| Architect & Engineering | $7,500 - $15,000 | As arranged | As incurred | Architect & Engineer |
| Lease Deposits and Rent – Three | $10,000 - $30,000 | As arranged | As incurred | Landlord |
| Months (Note 3) | ||||
| Furniture, Fixtures and | $89,370 - $115,190 | As arranged | As incurred | Suppliers |
| Equipment (Note 4) | ||||
| Signage (Note 6) | $5,000 – $18,500 | As arranged | As incurred | Suppliers |
| Computer, Software, and Point of | $2,000 – $2,000 | As arranged | As incurred | Suppliers |
| Sale System (Note 7) | ||||
| Grand Opening Marketing (Note 8) | $5,000 – $10,000 | As arranged | As incurred | Suppliers |
| Initial Inventory (Note 9) | $3,000 - $5,000 | As arranged | As incurred | Us, suppliers |
| Utility Deposits (Note 10) | $700 – $1,500 | As arranged | As incurred | Suppliers |
| Insurance Deposits – Three | $500 – $1,000 | As arranged | As incurred | Insurers |
| Months (Note 11) | ||||
| Travel for Initial Training (Note 12) | $3,500 – $7,500 | As arranged | As incurred | Airlines, hotels, restaurants |
| Professional Fees (Note 13) | $1,000 – $4,000 | As arranged | As incurred | Attorneys, accountants, architects, advisors |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 17–24)
What This Means (2024 FDD)
According to Bang Cookies's 2024 Franchise Disclosure Document, if you are opening a satellite location, you will pay suppliers for furniture, fixtures, and equipment. The estimated cost for these items ranges from $89,370 to $115,190. Payment is arranged between you and the suppliers and is due as incurred.
Bang Cookies requires franchisees to purchase specific types of furniture, fixtures, and equipment. This includes items like ovens, mixers, shelve warmers, reach-in freezers, coffee brewers, espresso machines, and computer equipment. These items must be purchased from Bang Cookies, their approved manufacturers, or suppliers, and must meet the franchisor's specifications.
The cost of furniture and fixtures can vary based on material quality and the size of your Bang Cookies shop. The listed costs do not include transportation or setup fees. The FDD assumes that some equipment will be leased, and purchasing equipment instead of leasing it may result in higher costs. Third-party financing may be available for leasehold improvements for qualified candidates, but this will also incur additional costs and fees.